About TRANZACT
TRANZACT is a company based in Fort Lee (United States) founded in 2003 was acquired by GTCR in October 2024.. TRANZACT has completed 1 acquisition, including The Credo Group. TRANZACT offers products and services including Marketing Services, Sales Optimization, and Technology Solutions. TRANZACT operates in a competitive market with competitors including Townsquare Media, Tinuiti, AKQA, Prophet and Advantage Solutions, among others.
- Headquarter Fort Lee, United States
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mg Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$300 M (USD), Debt – Conventional
Aug 01, 2016
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Investors
Willis Towers Watson
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of TRANZACT
TRANZACT offers a comprehensive portfolio of products and services, including Marketing Services, Sales Optimization, and Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Drives insurance leads through various marketing channels
Uses analytics to match customers to insurance policies
Provides data-driven tools for lead routing and efficiency
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Software Development Team
32 people
Leadership Team
26 people
Sales and Marketing
22 people
Senior Team
7 people
Human Resources and Administration
6 people
Paid Team
5 people
Product Management Team
5 people
Operations Team
4 people
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Funding Insights of TRANZACT
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $300.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Debt – Conventional - TRANZACT | Valuation |
investors |
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| Jun, 2007 | Amount | Debt – Conventional - TRANZACT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TRANZACT
TRANZACT has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Willis Towers Watson, White Mountains and NewStar Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology companies are funded by Recognize through venture capital investments.
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Founded Year | Domain | Location | |
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Private equity investments and firm management in Chicago.
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Founded Year | Domain | Location | |
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Financial services are provided by NewStar Financial in Boston.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TRANZACT
TRANZACT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Credo Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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E-distribution and hosting services are provided to the insurance industry.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TRANZACT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tranzact Comparisons
Competitors of TRANZACT
TRANZACT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Townsquare Media, Tinuiti, AKQA, Prophet and Advantage Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Media Company focused on radio broadcasting, live events, marketing solutions
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| domain | founded_year | HQ Location |
Digital marketing services including paid search and e-commerce are provided.
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| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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| domain | founded_year | HQ Location |
Brand and marketing consulting solutions provider
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| domain | founded_year | HQ Location |
Consumer packaged goods sales and digital marketing services are provided.
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| domain | founded_year | HQ Location |
Advertising and marketing services are delivered globally by Interpublic.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tranzact
Frequently Asked Questions about TRANZACT
When was TRANZACT founded?
TRANZACT was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Where is TRANZACT located?
TRANZACT is headquartered in Fort Lee, United States. It is registered at Fort Lee, New Jersey, United States.
What does TRANZACT do?
TRANZACT was established in 2003 and is headquartered in Fort Lee, United States. A marketplace for direct-to-consumer insurance products is operated by the company, serving the health, life, and property and casualty sectors. Subsidiaries such as Cignium, focused on software development and technology services, and TZ Insurance Solutions, a licensed insurance producer, are included in its structure. Consumers are reached through marketing and sales efforts in these industries.
Who are the top competitors of TRANZACT?
TRANZACT's top competitors include S⁴Capital, Townsquare Media and Tinuiti.
What products or services does TRANZACT offer?
TRANZACT offers Marketing Services, Sales Optimization, and Technology Solutions.
How many acquisitions has TRANZACT made?
TRANZACT has made 1 acquisition, including The Credo Group.
Who are TRANZACT's investors?
TRANZACT has 6 investors. Key investors include Willis Towers Watson, White Mountains, NewStar Financial, Recognize, and CD&R.
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